Wim, Bloomberg is showing that as of 31st of jan 2018 the short interest actually inreased, by 107'613 more shares, compared to the two weeks before.
Therefore the China news was likely used to partially cover but, as I wrote in the following days, to open even more above 1.00$.
Everybody remember that shorts figures are 15days delayed; therefore the cover Beach is alluding to would be shown at the end of february (as of 15th of feb)
Anyway I strongly agree with you that the MM is in charge, together with the small Group of traders and with some other influencers...someone has been paying them for quiet a long time now.
just hope this is going to end...for the good
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